The case involves an application filed by the Resolution Professional (RP) of Riddhi Siddhi Cotspin Private Limited, the Corporate Debtor, under Section 30(6) of the Insolvency and Bankruptcy Code, 2016 (IBC) for the approval of a Resolution Plan. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application by Bank of Baroda under Section 7 of the IBC, which was admitted on 2020-01-01. Atul Mittal was appointed as the Interim Resolution Professional (IRP), later continuing as the RP. The Committee of Creditors (CoC) was formed, and in its first meeting on 2020-01-31, decided to continue with Atul Mittal as the RP. The RP published an Expression of Interest (Eol) in Form-G, which was revised. The Bank of Baroda, being the sole member of the
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Riddhi Siddhi Cotspin Private Limited following an application by Bank of Baroda, a financial creditor, under Section 7 of the Insolvency and Bankruptcy Code (IBC). The application was admitted on 2020-01-01, and Atul Mittal was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) was formed, and Atul Mittal continued as the Resolution Professional (RP). The RP published an Expression of Interest (Eol), which was revised. Bank of Baroda assigned its debts to M/s. Raj Radhe Finance Limited. The CoC resolved to file an application for the exclusion of the lockdown period, which was allowed. Two Eols were received, but one was withdrawn. A Resolution Plan was
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CP(IB) No. 560…
Corporate Insolvency…
The case involves an application filed by the Resolution Professional (RP) of Riddhi Siddhi Cotspin Private Limited, the Corporate Debtor, under Section 30(6) of the Insolvency and Bankruptcy Code, 2016 (IBC) for the approval of a Resolution Plan. The Corporate Insolvency Resolution Process (CIRP) was initiated following an application by Bank of Baroda under Section 7 of the IBC, which was admitted on 2020-01-01. Atul Mittal was appointed as the Interim Resolution Professional (IRP), later continuing as the RP. The Committee of Creditors (CoC) was formed, and in its first meeting on 2020-01-31, decided to continue with Atul Mittal as the RP. The RP published an Expression of Interest (Eol) in Form-G, which was revised. The Bank of Baroda, being the sole member of the
…The Corporate Insolvency Resolution Process (CIRP) was initiated against Riddhi Siddhi Cotspin Private Limited following an application by Bank of Baroda, a financial creditor, under Section 7 of the Insolvency and Bankruptcy Code (IBC). The application was admitted on 2020-01-01, and Atul Mittal was appointed as the Interim Resolution Professional (IRP). The Committee of Creditors (CoC) was formed, and Atul Mittal continued as the Resolution Professional (RP). The RP published an Expression of Interest (Eol), which was revised. Bank of Baroda assigned its debts to M/s. Raj Radhe Finance Limited. The CoC resolved to file an application for the exclusion of the lockdown period, which was allowed. Two Eols were received, but one was withdrawn. A Resolution Plan was
…CP(IB) No. 560…
Corporate Insolvency…